Le Lézard
Classified in: Business, Covid-19 virus
Subject: SVY

Quick rise of do-it-yourself investing explored by OSC study


TORONTO, April 21, 2021 /CNW/ - The Ontario Securities Commission (OSC) today published a new study focused on the recent experiences of self-directed or do-it-yourself (DIY) retail investors. The OSC surveyed 2000 Canadian investors who trade a portion or a majority of their investments through the order-execution-only (OEO) dealer channel.

Approximately 10 per cent of self-directed investors surveyed opened their account since the pandemic began and we wanted to know more about who self-directed investors are, why they chose to go it alone for at least some of their investments, and where they get information. The majority of DIY investors are male, and more than half are either young or retired and have graduated from university. Many self-directed investors are trading because they enjoy it, however, the experience is not always seamless as 10 per cent had trouble accessing their accounts, and 17 per cent had issues completing a trade during the pandemic.

To make decisions, self-directed investors believe that important information sources include: their own personal experiences with a company, its financial performance, and availability of a marketplace to trade. A notable proportion (about 13 per cent) seek information through social media.

"There has been a significant rise in do-it-yourself investing this past year in Canada and other countries, said Tyler Fleming, Director of the Investor Office at the OSC. "We are closely monitoring developments in this investing channel to inform our regulatory activities."

The study has several findings, including:

The OSC conducted a survey of 2,000 Canadian investors who either have a self-directed account as their primary account or who have an advisor but also have their own secondary self-directed account between November 17 to December 6, 2020 to further its understanding of retail investor experiences during the pandemic. These findings will be used to inform investor protection and education efforts related to the ongoing pandemic and economic recovery.

Visit GetSmarterAboutMoney.ca  for helpful resources about your finances and investments during the pandemic.

The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices, to foster fair and efficient capital markets and confidence in the capital markets, and to contribute to the stability of the financial system and the reduction of systemic risk.  Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at osc.ca  

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SOURCE Ontario Securities Commission


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